Post Utme Afe Babalola University 2017 Commerce Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2017 Commerce Objective / Multiple Choice

Question 7 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2017 • COMMERCE • objective

A company is considering entering a new market in a foreign country. What are the key factors that the company should consider when deciding whether to enter the market?

Answer Options

A. The company should consider the size of the market, the level of competition, and the potential for growth.

Correct Answer B. The company should consider the cultural and political environment of the foreign country, as well as the level of trade barriers.

C. The company should consider the cost of entering the market, including the cost of setting up a new facility and hiring local staff.

D. The company should consider the potential for cultural and language barriers, as well as the risk of political instability.

Correct Answer

Correct Option:

The company should consider the cultural and political environment of the foreign country, as well as the level of trade barriers.

About This Question

This is Post Utme Afe Babalola University 2017 Commerce Question 7. It is one of the objective questions from the 2017 Post Utme Afe Babalola University Commerce examination.

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